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Energy
Energy
ADNOC signs 15-year LNG supply deal with German energy firm
Strategic deal reinforces ADNOC's role in global energy transition
Energy
ADNOC Drilling shareholders set to receive $358 million as H2-2023 dividend
The dividend will be paid to all record shareholders as of March 21, 2024, on or around April 3, 2024
Energy
Saudi Aramco posts second highest ever net income of $121.3 billion in 2023
Total dividends paid rises 30 percent year-on-year
Energy
LNG market disrupted by Red Sea crisis, prices fall sharply
Stability attributed to relatively mild winter, robust stockpiles
Energy
Four fundamental actions to build resilience in energy and natural resources in the Middle East
Challenges and opportunities amid geopolitical conflicts, pandemic recovery and climate change
Energy
UAE extends oil output cut of 163,000 bpd until end of June 2024
The oil output cut is in addition to the voluntary cut of 144,000 bpd previously announced by the UAE in April 2023
Energy
Petrol, diesel prices in UAE to increase in March
Petrol prices will go up by 15-16 fils starting next month
Energy
Saudi Aramco signs multiple supply deals worth $6 billion
The agreements are aimed at fostering localization and supply chain development
Energy
ADNOC Distribution aims for 20 percent expansion in service stations in its new 5-year growth strategy
The company will allocate $250-$300 million annually for CAPEX
Energy
Saudi Aramco discovers 15 trillion cubic feet of gas in Jafurah field
Jafurah field's resources reach 229 trillion cubic feet of gas and 75 billion barrels of condensate
Energy
Saudi’s TAQA aims to quadruple investments in 3 years, focus on Egypt
Egypt is creating favorable opportunities for companies interested in investing in the country
Energy
Egypt, Dragon Oil ink agreement to export additional crude oil
Strategic agreement signals new era of economic cooperation
Egypt
BP plans to inject $1.5 billion in new investments in Egypt
BP CEO met Egyptian President on the sidelines of the EGYPES 2024 energy show.
Energy
TAQA net profit up 107 percent at $4.5 billion in 2023
Growth driven by strong demand for transmission and distribution services
Energy
OPEC bullish on oil demand in contrast to more bearish IEA forecast
OPEC bullish on oil demand in contrast to more bearish IEA forecast
Energy
WGS 2024: UAE launches Big Data Ecosystem, Digital Twin Platform
Initiatives to improve strategic decision-making and sustainable development in energy and infrastructure sectors.
Energy
ADNOC and bp to form gas joint venture to focus on Egypt
The formation of the JV is expected to be complete later this year.
Energy
OPEC reaffirms 2.25 million bpd growth in global oil demand for 2024
Suggesting potential for even greater growth
Economy
WGS 2024: Transition to clean energy should not conflict with relying on oil, says Haitham Al Ghais
Dispensing oil for other energy sources is unrealistic, says OPEC secretary general.
Energy
ADNOC Drilling reports revenues of over $3 billion in 2023
Company outlines ambitious growth plans for 2024 and beyond
Energy
Dragon Oil to drill first well in Turkmenistan’s Block 19 in December
Government-owned company expands investments in the oil sector
Energy
Duqm refinery, a $9 billion joint venture between Oman and Kuwait to launch tomorrow
New refinery boasts a daily refining capacity of 230,000 barrels of crude oil
Energy
QatarEnergy expands production in largest oil field with $6 billion contracts
Developing 550+ barrels of oil in 5 years
Energy
Saudi Arabia’s Aramco to stick with 12 million barrels per day production capacity
Upon receiving a directive from the ministry of energy
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